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Kaival Brands Innovations Group Inc

Kaival Brands Innovations Group Inc (KAVL)

3.54
0.04
( 1.14% )
Updated: 11:42:39

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Key stats and details

Current Price
3.54
Bid
3.47
Ask
3.57
Volume
106,550
3.4001 Day's Range 3.75
1.1105 52 Week Range 20.2692
Market Cap
Previous Close
3.50
Open
3.45
Last Trade
536
@
3.54
Last Trade Time
11:42:31
Financial Volume
$ 373,919
VWAP
3.5093
Average Volume (3m)
2,646,409
Shares Outstanding
2,846,335
Dividend Yield
-
PE Ratio
-0.87
Earnings Per Share (EPS)
-3.95
Revenue
13.09M
Net Profit
-11.25M

About Kaival Brands Innovations Group Inc

Kaival Brands Innovations Group Inc is focused on growing and incubating innovative and profitable products. The company is engaged in the business of developing electronic nicotine delivery systems and related components. Its primary product includes Bidi Stick. Kaival Brands Innovations Group Inc is focused on growing and incubating innovative and profitable products. The company is engaged in the business of developing electronic nicotine delivery systems and related components. Its primary product includes Bidi Stick.

Sector
Blank Checks
Industry
Blank Checks
Headquarters
Lewes, Delaware, USA
Founded
1970
Kaival Brands Innovations Group Inc is listed in the Blank Checks sector of the NASDAQ with ticker KAVL. The last closing price for Kaival Brands Innovations was $3.50. Over the last year, Kaival Brands Innovations shares have traded in a share price range of $ 1.1105 to $ 20.2692.

Kaival Brands Innovations currently has 2,846,335 shares outstanding. The market capitalization of Kaival Brands Innovations is $9.79 million. Kaival Brands Innovations has a price to earnings ratio (PE ratio) of -0.87.

KAVL Latest News

Kaival Brands Reports Fiscal 2024 First Quarter Financial Results and Provides Business Update

GRANT-VALKARIA, Fla., March 27, 2024 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands" or the "Company,"), the exclusive U.S. distributor of all products...

Kaival Brands Provides Business Update in Letter to Shareholders

GRANT-VALKARIA, Fla., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands" or the "Company,"), the exclusive U.S. distributor of all products...

Kaival Brands Partner Bidi Vapor to Contest FDA Denial of ‘Classic’ Tobacco-Flavored ENDS

MDO applies only to one Bidi device, ten other flavors still in PMTA process Kaival Brands remains focused on driving revenue and platform diversification GRANT-VALKARIA, Fla., Jan. 29, 2024...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.144.117647058823.44.393.213656063.59729669CS
40.7627.33812949642.789.692.31426878645.93776177CS
120.5217.21854304643.029.691.110526464093.9147883CS
26-3.474-49.52951240387.0149.691.110514890754.08962143CS
52-8.745-71.184371184412.28520.26921.11058082994.68962677CS
156-216.96-98.3945578231220.5280.981.1105207329237.23746732CS
260-216.96-98.3945578231220.5280.981.1105207329237.23746732CS

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KAVL Discussion

View Posts
Invest-in-America Invest-in-America 1 week ago
KAVL: Simply a classic Meme-stock-group-attack routine, vis-a-vis Z.M.'s fans reacting to the SEC dropping their action vs. Z.M.'s (former) Twitter/X Acct. (Yes, OLD news for this day, but interesting nonetheless, so I posted it here.)
https://investorplace.com/2024/04/why-is-kaival-brands-kavl-stock-up-140-today/
👍️0
Invest-in-America Invest-in-America 1 week ago
KAVL: 'PROFITS', that's what you're "missing here".

👍️0
Manti Manti 1 week ago
The immediate catalyst is day/swing traders. This was so deeply oversold and manipulated downward that most "longs" won't even break even until $20 even if they averaged down, so no resistance on top.

Then you have the possibility that the company is past the dilution phase to keep the doors open, so that selling pressure is gone and has probably been replaced with someone with deep pockets who converted a boatload of cheap shares at the bottom who are now wanting to make a killing.

The other thing that may be going on is I saw a mention not too long ago about the FDA lifting the menthol restrictions to buy votes for the upcoming election. Or there could be positive developments along those lines in the legal system that we don't know about yet but insiders do...
👍️0
Geo2014 Geo2014 1 week ago
I’ve been out of this one awhile. Great to see the longs getting their due - CONGRATS! What is the catalyst?
👍️0
TheFinalCD TheFinalCD 1 week ago
I dont see it

https://twitter.com/PJ_Matlock
👍️0
Stockexpertpro Stockexpertpro 1 week ago
SXTC PJMatlock 500k Float
👍️0
Zorro Zorro 1 week ago
Zack's did this? I see, Zack Morris. Worth a follow it seems.
👍️0
TheFinalCD TheFinalCD 1 week ago
9.69 call the cops
👍️ 1 🤣 1
TheFinalCD TheFinalCD 1 week ago
8.72 NHEW HIGH
👍️0
Jess070283 Jess070283 1 week ago
Zack Attack!
👍️0
Awl416 Awl416 1 week ago
What am I missing here
👍️0
TheFinalCD TheFinalCD 1 week ago
FILLED 5.00 AND 5.06 ON THE DIP
👍️0
TheFinalCD TheFinalCD 1 week ago
$5-6 ON RESUME THEN IMMEDIATELY HALTED AGAIN
👍️0
TheFinalCD TheFinalCD 1 week ago
Mar 21 2024 2.91 1.58 118.80% 2.23 3.89 2.22 🏁 97,441,365
https://ih.advfn.com/stock-market/NASDAQ/kaival-brands-innovations-KAVL/historical
👍️0
TheFinalCD TheFinalCD 1 week ago
SUSPICOUS VOLATILITY PAUSE OVER 30MIN

MANY WONDERING WHY

04/15/2024 09:46:19 KAVL Kaival Brands Innovation Cm St NASDAQ
LUDP
04/15/2024 09:46:19
https://www.nasdaqtrader.com/trader.aspx?id=tradehalts
👍️0
Jess070283 Jess070283 1 week ago
I smell a huuuuuuuge Run….
👍️0
TheFinalCD TheFinalCD 1 week ago
HES BACK @IT I like 🚨 $KAVL🚨 $2.74
420 theme

📷846k Float
📷70% Insider owned
📷486 shares left to short 510% CTB
📷VAPE/CBD/WEED SECTOR
📷Cash positive
📷50 Billion global market.
📷400 Retail Channels
📷Over 100 Distribution Partners
📷International Licensing Agreement with… pic.twitter.com/d3YHQDcIma— Zack Morris (@MrZackMorris) April 15, 2024

$KAVL locked & ready for a bigger move.

846K float
70% insider ownership
510% cost to borrow 😱

Company is cash positive and even in the cannabis/CBD/weed sector. Break and hold over $3 with momentum and this thing could get fun.

International licensing with Philip Morris. 👀 https://t.co/Cr9RwYI69u pic.twitter.com/OwBCYwBdZM— TIGRESS🐯 (@og_tigress) April 15, 2024
👍️0
crappyrules crappyrules 4 weeks ago
Looks like Pajeet Patel and fratboy are filling their pockets on and entirely new group of bagholders dime.
👍️0
glenn1919 glenn1919 1 month ago
KAVL..............................https://stockcharts.com/h-sc/ui?s=KAVL&p=W&b=5&g=0&id=p86431144783
👍️0
TheFinalCD TheFinalCD 1 month ago
BANANA$

https://dilutiontracker.com/app/search/KAVL
👍️ 1
Awl416 Awl416 1 month ago
Why?
👍️0
night diff night diff 2 months ago
Totally agree
👍️0
crappyrules crappyrules 2 months ago
What an absolute scam this is. I hope they get probed in every orifice by the SEC and IRS so they can experience what shareholders have since leaving the OTC
👍️0
Craig305 Craig305 2 months ago
8K released.
Departure of many officers.
👍️0
tw0122 tw0122 3 months ago

On February 2, 2024, the Company received written notice from Nasdaq stating that because the Company did not regain compliance with the Bid Price Rule by January 29, 2024, Nasdaq would commence delisting proceedings on the Company at the opening of business on February 13, 2024.

As of the close of trading on February 7, 2024, as a result of the Reserve Stock Split, the Common Stock had closed at above $1.00 for ten consecutive trading days. As a result, on February 8, 2024, the Company received written notice from Nasdaq stating that the Company has regained compliance with the Bid Price Rule and the matter is now closed. The Common Stock will continue to trade on Nasdaq, subject to the Company’s compliance with Nasdaq’s listing rules.
👍️0
goingupnow0 goingupnow0 3 months ago
Hey BB , what you make of this? They filed an extension today.


(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?


THEY CHECK OFF YES!!!

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

For the year ended October 31, 2023, the Company anticipates that it will report a significant decrease in net loss attributable to common stockholders for the corresponding period in its previous fiscal year. At the time of the filing of this Form 12b-25, the Company anticipates that it will report a net loss that is approximately 25% less than its net loss reported for the year ended October 31, 2022 due to reduced general and administrative expenses and reduced cost of revenues. The Company cautions, however, that this estimation of net loss for the year ended October 31, 2023 is preliminary and subject to change, possibly materially, following the completion and review of the Company’s financial statements.
👍️0
Louied91 Louied91 3 months ago
$KAVL Kaival Brands Partner Bidi Vapor to Contest FDA Denial of ‘Classic’ Tobacco-Flavored ENDS

https://www.globenewswire.com/news-release/2024/01/29/2818885/0/en/Kaival-Brands-Partner-Bidi-Vapor-to-Contest-FDA-Denial-of-Classic-Tobacco-Flavored-ENDS.html

MDO applies only to one Bidi device, ten other flavors still in PMTA process

Kaival Brands remains focused on driving revenue and platform diversification

GRANT-VALKARIA, Fla., Jan. 29, 2024 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company" or "we,” “our” or similar terms), a company focused on incubating and commercializing innovative products into mature and dominant brands, with a current focus on the distribution of electronic nicotine delivery systems (ENDS), which are intended for adults 21 and over, today announced that its licensor and commercial partner, Bidi Vapor LLC (Bidi Vapor), will appeal the U.S. Food and Drug Administration’s (FDA) decision to deny Bidi Vapor’s premarket tobacco product application (PMTA) for Bidi Vapor’s “Classic” tobacco-flavored BIDI® Stick ENDS device. Kaival Brands holds the worldwide license to distribute products made by Bidi Vapor.

On Monday, January 22, 2024, the FDA issued a marketing denial order (MDO) for Bidi Vapor’s “Classic” BIDI® Stick PMTA. Importantly, this decision did not involve the ten PMTAs for Bidi Vapor’s non-tobacco flavored devices which are still under the FDA’s scientific review. Those ten products remain available for sale through Kaival Brands, subject to FDA’s enforcement discretion.

In response to the MDO, on Friday, January 26, 2024, Bidi Vapor filed a petition requesting that the U.S. Court of Appeals for the Eleventh Circuit review the MDO, which Bidi Vapor believes was, among other things, arbitrary and capricious, in violation of the Administrative Procedure Act. Bidi Vapor will also be seeking a stay of the MDO pending the outcome of the litigation.

“Bidi Vapor disagrees with the FDA’s decision and is taking immediate action accordingly,” said Niraj Patel, the Founder & Chief Executive Officer of Bidi Vapor, who is also the Chief Science Officer & Founder of Kaival Brands. “In the meantime, it is important to note that the decision only affects the ‘Classic’ or tobacco-flavored BIDI® Stick. The remaining ten BIDI® Stick flavors are still under FDA scientific review and remain in distribution in the United States through Kaival Brands, subject to the FDA’s enforcement discretion.”

Bidi Vapor has a history of successful outcomes when contesting adverse FDA decisions, having received a favorable Eleventh Circuit ruling in August 2022 that set aside the original MDOs received for its ten non-tobacco flavored products. That ruling put the ten PMTAs back into scientific review and allowed those flavors to remain available for sale pursuant to the FDA’s compliance policy for deemed tobacco products. During this evaluation period, the ten non-tobacco flavored products are still under FDA enforcement discretion.

“While we are disappointed with the FDA’s decision, we are in close contact with Bidi Vapor and laser focused on selling the Bidi Vapor products that we are permitted to,” said Barry M. Hopkins, Executive Chairman of Kaival Brands. “Like Bidi Vapor, we are fully committed to the legal and responsible use of our products. Moreover, we are committed to increasing Kaival Brands’ revenues by strengthening our existing business and also diversifying our product portfolio, as evidenced by the intellectual property we acquired in May 2023 from GoFire, Inc. We look forward to providing progress updates on our initiatives over the course of 2024.”
👍️0
goingupnow0 goingupnow0 3 months ago
Yep….
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berdboy berdboy 3 months ago
MY FIRST MULTI MILLION $$$ WINNER .. SAD IT WAS ALL AN EAST INDIAN SCAM ..BUT WE DID BANK BIG
👍️0
goingupnow0 goingupnow0 3 months ago
I remember the good old days we were all so positive on this. And making money.
👍️0
berdboy berdboy 3 months ago
LONGS HAVE BEEN DESTROYED HERE AGAIN BY SCAMMER CEO PENNY KING NIRAJ PATEL,,IMO
👍️0
goingupnow0 goingupnow0 3 months ago
:16 EST KAVL
Kaival Brands announces 1-for-21 reverse stock split
Kaival Brands Innovations Group announced that it is effecting a 1-for-21 reverse stock split of its issued and outstanding common stock, effective with the opening of trading on Thursday, January 25, 2024. Kaival Brands' Common Stock will continue to trade on the Nasdaq Capital Market under the symbol "KAVL". The new CUSIP number for the Common Stock following the Reverse Stock Split will be 483104402. The Reverse Stock Split was approved by the Board of Directors of the Company and Kaival Holdings,, a Delaware limited liability company, which is the holder of approximately 68.64% of the Company's outstanding Common Stock. Kaival Holdings LLC is co-managed by Nirajkumar Patel, the Chief Science & Regulatory Officer and director of the Company.
👍️0
Louied91 Louied91 3 months ago
$KAVL Kaival Brands Innovations Group, Inc. - S-1/A - Registration Statement - January 12, 2024

https://fintel.io/doc/sec-kaival-brands-innovations-group-inc-1762239-s1a-2024-january-12-19734-9506?utm_source=twitter.com&utm_medium=referral&utm_campaign=filing
👍️0
subslover subslover 5 months ago
On December 1, 2023, the Company repaid all amounts due and owing under the Note in full, in an aggregate amount, including accrued interest, equal to $650,180.56. In connection with the repayment of the Note, the Company agreed that the Purchaser would be permitted to retain all of the Commitment Fee Shares. Under the SPA, the Company originally had the right to repurchase half of the Commitment Fee Shares if the Note was repaid in full prior to maturity. As a result of the repayment of the Note, the Company will have no further payment or other obligations to the Purchaser in connection with the Note or any agreements or instruments entered into in connection with the Note. The Company obtained the funds necessary to repay the Note through the financial obligations entered into as described in Item 2.03.
👍️0
JettaR JettaR 5 months ago
Woop de fukn do.
👍️0
Awl416 Awl416 6 months ago
Kaival Brands Innovations Group, Inc. Highlighted in Updated Research Report Released by Harbinger Research, LLC
👍️0
JettaR JettaR 7 months ago
You gave him money?
👍️0
crappyrules crappyrules 7 months ago
I'm never breaking even on this. At least I have a long term loss to write off someday.
👍️0
crappyrules crappyrules 7 months ago
Well the one constant thing with this steaming pile of dog $h1t is Niraj is nothing but a scammer. He sure is building g a nice big new house with all of the money we invested into his scam
👍️ 1
Manti Manti 11 months ago
This is the most openly blatant price manipulation I've ever seen. I've seen charts that depict this, but never the actual trading day after day.

They are doing all they can to eliminate traders and lock up the trading float. The goal is to enrich themselves and friends.

I fully expect this to return to the old highs split adjusted: over $10/share, and I think the uptrend began with the recent news.
👍️0
Louied91 Louied91 1 year ago
TheStreetReports: Disruptive Technology Stocks in Focus – $KAVL, $SONM, $PBTS, $IPA

https://www.marketwatch.com/press-release/thestreetreports-disruptive-technology-stocks-in-focus-kavl-sonm-pbts-ipa-2023-04-18
👍️0
ellen780 ellen780 1 year ago
Yeah unfortunately no one who has been here awhile trusts him Hopefully he turns it around before the summer but he will need to show real results not what he thinks Kavl will do.
👍️0
fourcloze fourcloze 1 year ago
Yup, and that's exactly what I think is going to happen with this lying, exaggerating in for friends only POS CEO!!

-OUT-
👍️0
ellen780 ellen780 1 year ago
I believe they have 180 days to comply
So if next quarter revenues don’t come in big we are done for
👍️0
fourcloze fourcloze 1 year ago
How long before a delisting notice would be sent per under $1? Heard someone mention another RS? No way right? I mean don't they already have extremely low float? Something is not being managed right and it starts with the exaggerating POS CEO that set all his buddies up pre-RS last time and then they all sold before RS, then bougt after running it to $17 and then all sold again. This CEO must GO!!!!

-OUT-
👍️0
BeeHaus2 BeeHaus2 1 year ago
March 13, 2023 - Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company" or "we," "our" or similar terms), the exclusive distributor of all products manufactured by Bidi Vapor, LLC ("Bidi Vapor"), including the BIDI® Stick electronic nicotine delivery system (ENDS), which are intended for adults 21 and over, today highlights the official launch of the VEEBA disposable e-vapor product across the United Kingdom, reported by Philip Morris Limited, UK and Ireland (PML), on February 27, 2023.
This past summer, Philip Morris Products S.A. (PMPSA), a subsidiary of Philip Morris International (PMI) entered into a licensing agreement with a subsidiary of Kaival Brands, allowing for the patents, methods and technology to develop products based on the premium, self-contained ENDS called the BIDI® Stick, the No. 1-selling, self-contained ENDS device in the United States according to data from New York-based Nielsen. The VEEBA device is a result of this agreement.

As reported by Philip Morris Limited, UK and Ireland, at the time of launch: “In accordance with PMI’s responsible marketing practices, VEEBA’s packaging, device and flavor descriptors have been specifically designed to appeal to adult smokers only. VEEBA has not been commercialized with flavor descriptors that may appeal to youth, such as images or descriptions of candies or desserts, or brightly colored or flashy devices or packaging. Instead, subtle colors and functional flavor descriptors work together with PML’s youth-access prevention program, to focus on providing existing adult nicotine users and adult smokers with access to VEEBA.”

Nirajkumar Patel, Chief Science and Regulatory Officer of Kaival Brands, says, “VEEBA and BIDI® Stick are science-based, premium, responsible, recyclable and disposable devices, developed specifically for use by adult smokers and existing adult nicotine users who are looking for a better alternative to continued smoking. Retailers can feel assured that by listing BIDI® Stick here in the United States—or VEEBA outside of the United States—they are stocking a smoke-free product that adheres to local laws and in many cases, strives to go even further.”

In addition, recycling programs for VEEBA and BIDI® Stick enable and encourage users to dispose of used devices in a responsible and sustainable manner, with products cleaned and separated by material type, and then recycled into raw formats that manufacturers can use to make new products.

“The U.K. represents a top market for the international distribution of VEEBA with a mature and educated vaping community. Since the official launch of VEEBA in Canada last year, we are encouraged to see additional market expansions, which in turn creates additional royalty payments for the sale of each unit that is manufactured and sold,” said Eric Mosser, President and Chief Operating Officer of Kaival Brands. “A responsible, disposable device that can fulfil the needs of existing adult nicotine users is now available in additional international markets, and we look ahead to future growth while striving for excellence in quality, compliance, and sustainability.”
👍️0
Pandion Pandion 1 year ago
Probably also the buying and pop today.
👍️0
Manti Manti 1 year ago
That explains the little bit of buying on Tuesday.
👍️0
Pandion Pandion 1 year ago
Kaival Brands Announces New Retail Distribution Agreements Providing Access to 13,500 New Locations
03/07/2023

It's about time!
https://ir.kaivalbrands.com/news/news-details/2023/Kaival-Brands-Announces-New-Retail-Distribution-Agreements-Providing-Access-to-13500-New-Locations/default.aspx
👍️0
Singhania Singhania 1 year ago
$KAVL E-Cigs 30.6% Growth Projected Thru 2030: $BTAFF $PM $MO $IMBBF

https://www.benzinga.com/pressreleases/23/02/ab30915803/capitalgainsreport-e-cigarettes-30-6-growth-projected-through-2030-kavl-btaff-pm-mo-imbbf
👍️0

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